Charles Schwab Investment Management Inc. Purchases 2,688 Shares of WPP plc (NYSE:WPP)

Charles Schwab Investment Management Inc. lifted its holdings in WPP plc (NYSE:WPP) by 20.2% during the 3rd quarter, Holdings Channel reports. The fund owned 15,981 shares of the business services provider’s stock after acquiring an additional 2,688 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in WPP were worth $818,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. GAMMA Investing LLC increased its position in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after purchasing an additional 202 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of WPP by 0.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,068 shares of the business services provider’s stock worth $1,794,000 after buying an additional 303 shares during the period. Caprock Group LLC raised its stake in shares of WPP by 5.0% during the third quarter. Caprock Group LLC now owns 6,535 shares of the business services provider’s stock worth $334,000 after buying an additional 313 shares during the last quarter. Mezzasalma Advisors LLC lifted its holdings in WPP by 7.3% in the third quarter. Mezzasalma Advisors LLC now owns 5,291 shares of the business services provider’s stock valued at $271,000 after buying an additional 358 shares during the period. Finally, Signaturefd LLC increased its holdings in WPP by 4.2% in the second quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock valued at $435,000 after purchasing an additional 380 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors.

WPP Stock Performance

Shares of NYSE WPP opened at $52.78 on Thursday. The firm has a 50 day moving average price of $53.21 and a 200 day moving average price of $49.83. The stock has a market cap of $11.98 billion, a P/E ratio of 8.98, a P/E/G ratio of 8.03 and a beta of 1.27. WPP plc has a 52-week low of $43.02 and a 52-week high of $57.37.

Analysts Set New Price Targets

Separately, StockNews.com cut WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.